JRL NEWSWATCH: “IMF, World Bank see little progress in fight against corruption in Ukraine” – Interfax-Ukraine

“… key donors of Ukraine – the International Monetary Fund (IMF) and the World Bank – note low effectiveness of the Ukrainian authorities in the fight against corruption. ‘We see good and important progress in setting out institutions for tackling investment …. Shortcomings in the judicial system and corruption are some of the key reasons why investment is so low in Ukraine. But, so far we see limited results in terms of fighting corruption. …’ Resident Representative of the IMF in Ukraine Goesta Ljungman said at the Fitch Ratings Annual Conference in Kyiv on Thursday. World Bank Country Director for Belarus, Moldova, and Ukraine Satu Kahkonen also pointed out the acuteness of the issue. … As reported, the IMF staff and Ukraine have reached an agreement on economic policies for a new 14-month Stand-By Arrangement (SBA), which will replace the arrangement under the Extended Fund Facility (EFF), approved in March 2015 and set to expire in March 2019. …”